Conducted literature review on economic shocks
- Day: 2024-06-24
- Time: 01:30 to 02:10
- Project: Business
- Workspace: WP 1: Strategic / Growth & Development
- Status: In Progress
- Priority: MEDIUM
- Assignee: Matías Nehuen Iglesias
- Tags: Economic Shocks, Literature Review, Econometrics, Simulation Techniques, Research Gaps
Description
Session Goal
The session aimed to conduct a comprehensive literature review on economic shocks, focusing on identifying research gaps and exploring advanced econometric methods for shock analysis.
Key Activities
- Reviewed key literature on economic shocks, highlighting significant contributions and existing research gaps.
- Analyzed Laura Mayoral’s paper on shock persistence and its implications for economic simulations using bootstrap methods.
- Explored various econometric identification methods, such as Cholesky decompositions and SVAR, for enhancing economic shock research.
- Discussed the integration of FAVARs and DSGE models in economic shock analysis, focusing on impulse response estimation and nonlinearities.
- Differentiated between theoretical identification and empirical accounting of economic shocks, emphasizing practical policy implications.
Achievements
- Compiled a structured overview of relevant literature, providing a guide for positioning new research.
- Connected insights from existing research to ongoing work in economic simulations and econometric methods.
Pending Tasks
- Further exploration of empirical validation techniques for identified research gaps.
- Development of a detailed research proposal based on identified gaps and methodologies.
Evidence
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